Latest Africa News

Toubani Resources has locked in a binding commitment for a US$73.3 million senior debt facility from Coris Bank to fund its Kobada Gold Mine construction, advancing its financing package amid strong cash reserves.

Enegex Limited has kicked off a 3,000-3,500m RC drilling campaign at its Gogo Project in Côte d’Ivoire, targeting three key zones along the Bonoubana trend. Encouraging aircore results from the AW1 and Kalama Bave prospects on the Tougbe Permit highlight multiple mineralised zones with notable gold intercepts.

MRG Metals has verified substantial concentrations of valuable heavy minerals including monazite, rutile and zircon in alluvial deposits at its Adriano Rare Earth Project, with a total rare earth oxide content of 1.46%.

Galileo Mining’s latest diamond drilling at Norseman reveals a newly identified ultramafic sill with 109 metres of PGM mineralisation, reinforcing the project’s potential for multiple stacked intrusive systems along extensive strike lengths.

Resolute Mining’s scoping study for its ABC Project in Côte d’Ivoire outlines a robust 12-year open pit gold operation with strong economic metrics, including a post-tax NPV of US$1.2 billion and a 39% IRR at US$3,500/oz gold.

MetalsGrove Mining has defined two extensive gold anomalous trends at its Fifty-Five Prospect in Côte d’Ivoire, setting the stage for infill sampling and auger drilling during the upcoming wet season.

Turaco Gold has delivered strong drilling results at its Afema Gold Project, extending mineralisation and supporting resource growth ahead of the June 2026 Pre-Feasibility Study.

Orion Minerals has confirmed a significant down-dip extension of copper mineralisation at its Flat Mine East prospect within the Okiep Copper Project, reinforcing resource growth potential ahead of pending assay results.

Dalaroo Metals has completed a major soil geochemistry program covering a 9km gold corridor at its Bondoukou project in Côte d’Ivoire, setting the stage for maiden drilling after assay results.

Dyno Nobel’s explosives business drove a 28% EBIT jump in 1H26 as the company completed $558m of its $900m buyback and sealed the sale of its fertilisers unit.

Cash Converters reports solid 1H26 results driven by a growing loan book, expanding luxury retail footprint, and increased corporate store ownership across 15 countries.

Elevra Lithium has struck a US$71 million deal to offload its Ghanaian Ewoyaa Project interest to Zhejiang Huayou Cobalt, pivoting its strategy firmly towards North American assets while shedding funding obligations tied to Ewoyaa.